Hello, this is the first idea I have ever listed and have only been doing TA for the past year or so. If you like or dislike the analysis feel free to leave a comment, all criticism, constructive or not is cool with me. :)
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Morning everyone! So my initial analysis of the rejection at the POC line seemed to not go through, we started the market open guns blazing. Maybe due to the news in confluence with major Macro areas being put under test. I do believe we will retest down to the POC S&R soon, whether we stay above is yet to be determined obviously. On another note, the 4hr chart seems to have confirmed a higher low which again hasn't been seen in 32 days and in that case it was failed attempt to move upwards. Maybe this will set in our first higher high on the 4hr which would be pretty bullish and maybe set us up for a rally up and possibly a sell-off during earnings week, however this is very far from now. Happy trading!